Acquisition · Activity not yet classified
Functional Devices, Inc.
Transaction overview
Reported acquisition
Announced:
Exact closing date not established.
L Squared Capital Partners reported acquiring Functional Devices, Inc. with management participation.
Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.
Source evidence
- L Squared Acquires Functional Devices; Actively Pursuing Additional Acquisitions in Peripheral Components for Building Automation & Controls ↗
L Squared Capital Partners · Published Feb 23, 2026
L Squared announced its platform acquisition of Functional Devices with management co-investment.